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Dec 14, 2012
12/12
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. ♪ >>> spain is in a financial crisis. the economy in recession, the government in debt, unemployment at 26%. it's a crisis that was threatening to put theaters out of business. but as mark phillips found, one theater owner got an ingenious idea straight out of bugs bunny. >> reporter: in other places, theatrical production may be about drama and song. in spain right now, though, they are also about vegetables. specifically -- >> carrots. >> reporter: -- carrots, the humble root which may determine whether quim marce's theater in the town of bescano, north of barcelona, lives or dies, and a lot of others, too. why? because the spanish government has recently just about tripled the sales tax on theater tickets. and quim feared that no one would ever fill these seats, until he made a discovery while out shopping. the tax on carrots is 4%. the tax on theater tickets, 21%. quim marce did the math. food for the body, 4% tax. food for the soul, 21%. there had to be a way to bridge the gap. there was. quim doesn't sell tickets no
. ♪ >>> spain is in a financial crisis. the economy in recession, the government in debt, unemployment at 26%. it's a crisis that was threatening to put theaters out of business. but as mark phillips found, one theater owner got an ingenious idea straight out of bugs bunny. >> reporter: in other places, theatrical production may be about drama and song. in spain right now, though, they are also about vegetables. specifically -- >> carrots. >> reporter: -- carrots,...
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Dec 9, 2012
12/12
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FOXNEWSW
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they're taking to the streets to protest budgets cuts and plans to privatize hospitals in spain. thousands of demonstrators marched through madrid. critics say it would dismental spain's healthcare system but the government says cuts are necessary to secure health services during the recession. >>> the countdown continues. at this point there's just over three weeks until our nation potentially tumbles over what we call the fiscal cliff. john boehner says there's been no real progress in the negotiations between the white house and lawmakers on capitol hill. now he's accusing president obama of dragging his feet as the deadline looms. is more of the same in store for the week ahead? joining us, managing edit for of the hill. >> good morning. >> we talk about this happening and going over the cliff. speaker boehner accuses the white house of dragging its feet. >> president obama offered a proposal, republicans didn't like that plan. now the g.o.p. has countered. so the ball is in the white house's court and that's what republicans are basically waiting for. but i don't see -- i do
they're taking to the streets to protest budgets cuts and plans to privatize hospitals in spain. thousands of demonstrators marched through madrid. critics say it would dismental spain's healthcare system but the government says cuts are necessary to secure health services during the recession. >>> the countdown continues. at this point there's just over three weeks until our nation potentially tumbles over what we call the fiscal cliff. john boehner says there's been no real progress...
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Dec 21, 2012
12/12
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FOXNEWSW
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impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? >> sean: this is a fox news alert. moments ago, the republican leadership was forced to pull speaker john boehner's plan off the house floor because they did n
impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gives you 1% cash back on all...
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Dec 14, 2012
12/12
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KPIX
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in spain right now, though, they're also about vegetables, specifically -- >> carrots. carrots. >> reporter: carrots. the humble root which may determine whether kym marsh's theater in the town near barcelona lives or dies and a lot of others too. why? because the spanish government has recently just about tripled the sales tax on theater tickets and kym fears that no one would ever fill these seats, until he made a discovery whiles out shopping. the tax on carrots is 4%. >> 4%, yes. >> reporter: the tax on theater tickets -- >> 21%. >> reporter: 21%. kym marsh did the math. food for the body, 4% tax. food for the soul, 21%. there had to be a way to bridge the gap. there was. kym doesn't sell tickets now. he sells carrots, expensive ones. >> 15 euros, one carrot. >> 15 euros, one carrot. >> yes >> 17 bucks for the carrot, you get the ticket for free. >> free. >> reporter: for every carrot you buy, you get a free ticket. >> okay. see? >> reporter: it's not really a laughing matter. theaters, movie houses around the country are all being hit by the new tax and are looking
in spain right now, though, they're also about vegetables, specifically -- >> carrots. carrots. >> reporter: carrots. the humble root which may determine whether kym marsh's theater in the town near barcelona lives or dies and a lot of others too. why? because the spanish government has recently just about tripled the sales tax on theater tickets and kym fears that no one would ever fill these seats, until he made a discovery whiles out shopping. the tax on carrots is 4%. >>...
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Dec 24, 2012
12/12
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FBC
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adam: i lived in spain a long time ago. i guess you realize you don't paying it at the time but things are more expensive. david: thank you, gang. thank you very much. thanks to the company. thanks to you for watching. now here are dagen and dennis. hi, gang. dagen: merry christmas. love to your family. david: thank you. same to yours. dagen: i'm dagen mcdowell everybody. dennis: i'm dennis neal -- kneale. dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are reporting slowing sales over the last couple of weeks. dennis: a woman fired for being too attractive and a supreme court says it is legal. dagen: i will bite my tongue because it is the top of the hour and stocks now and every 15 minutes. nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see the dow is down about 1/3 of 1%. majority of the dow components are lower. it is december 24th. there are kids running around here
adam: i lived in spain a long time ago. i guess you realize you don't paying it at the time but things are more expensive. david: thank you, gang. thank you very much. thanks to the company. thanks to you for watching. now here are dagen and dennis. hi, gang. dagen: merry christmas. love to your family. david: thank you. same to yours. dagen: i'm dagen mcdowell everybody. dennis: i'm dennis neal -- kneale. dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are...
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Dec 10, 2012
12/12
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CNBC
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the ibex 35 in spain, down almost 1.5%. we can take a quick look there.f investors are rotating out of the periphery. italy and spain, moving higher. bund is below 1.3% as a result. italian shares are trading lower. banks stocks particularly hard hit on the back of political uncertainty generated by mario monte's position to resign from his post as prime minister. his departure is likely to lead to an early election in february. monte's predecessor has announced his attention intengz to return to office. sylvia berlusconi says he'll seek a fifth term as italian premier. carolin is following this situation from rome. how likely is it that we see berlusconi return to politics next year? >> kelly, you know what? it's pretty unlikely. if you look at the latest polls, his pdl party, which is deeply fragmented, is trailing the biggest party, the pd party, but around 16%. it's going to be very, very tough. not even impossible for him to close that gap over the next two months. but i want to continue the discussion about what monti
the ibex 35 in spain, down almost 1.5%. we can take a quick look there.f investors are rotating out of the periphery. italy and spain, moving higher. bund is below 1.3% as a result. italian shares are trading lower. banks stocks particularly hard hit on the back of political uncertainty generated by mario monte's position to resign from his post as prime minister. his departure is likely to lead to an early election in february. monte's predecessor has announced his attention intengz to return...
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Dec 27, 2012
12/12
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CNBC
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italy and spain, we're seeing the ten year at 4.5%. spain, 5.29 the%. yesterday we saw a bit of a comeback, but it's forex where we're seeing moves. the euro/dollar adding .3%. so 1.327 68 is the level there. the dollar/yen rising closer to that 86 level this morning. here is a quick peek at what's on the agenda in the u.s. weekly jobless claims at 8:30 eastern. at 10:00 a.m., we'll get december consumer confidence. this is one to watch. analysts are looking for a reading of about 70, down four points from last month. at 10:00, it's new home sales. now, the latest report says this holiday season has been the worst for u.s. retailers since the beginning of the financial crisis. we'll walk through those figures and the impact for retailers when we come back. >>> there are frustrations in markets that politicians haven't taken advantage of the breathing space that the extraordinary measures have afforded them. that view was shared by former ecb chief jean-claude trichet who has been speaking exclusively to cnbc. >> it's not new, of course, that the central
italy and spain, we're seeing the ten year at 4.5%. spain, 5.29 the%. yesterday we saw a bit of a comeback, but it's forex where we're seeing moves. the euro/dollar adding .3%. so 1.327 68 is the level there. the dollar/yen rising closer to that 86 level this morning. here is a quick peek at what's on the agenda in the u.s. weekly jobless claims at 8:30 eastern. at 10:00 a.m., we'll get december consumer confidence. this is one to watch. analysts are looking for a reading of about 70, down four...
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Dec 21, 2012
12/12
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5.3% for spain aren't bad considering. t thor row/dollar is weaker. most of the risk currencies are moving lower. euro/dollar down by .3%. sterling is weaker against the dollar. we're seeing the dollar generally up. the dollar/yen here up .4% for the yen. so we've seen some significant weakening as the bank of japan trying to combat deflation. but today, a pause in that move. joining us now with plenty more on the asian trade, diedra. >> it's not the end of the world, but it is pretty ugly out here in asia. markets were headed towards some gains today and then all of a sudden we did get that fiscal cliff set back. the nikkei 225 dropping a percent. you can see the dollar/yen hovering around 84. we were lower earlier on. this in south korea, the kospi shedding about 1%, as well. blame the politicians for their fiscal cliff negotiations or lack thereof. samsung electronics slumped 4%. it's that ongoing spat between samsung and apple. that weighed heavily on the kospi. now, in greater china, also some losses. the shanghai com
5.3% for spain aren't bad considering. t thor row/dollar is weaker. most of the risk currencies are moving lower. euro/dollar down by .3%. sterling is weaker against the dollar. we're seeing the dollar generally up. the dollar/yen here up .4% for the yen. so we've seen some significant weakening as the bank of japan trying to combat deflation. but today, a pause in that move. joining us now with plenty more on the asian trade, diedra. >> it's not the end of the world, but it is pretty...
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Dec 12, 2012
12/12
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these policies, the people who are really going to be hurt are the poor. 25% unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average in the united states. we see pensions being cut without any notice hardly at all. social programs slashed. there is at least some probability that will happen to us. i will say it is a certainty eventually if we do not do something about the situation. i would think they would be much more sober in their demand. at this moment, i do not see it. >> i would say a lot of this is, if we are talking inside the beltway, that is a different conversation. part of the disservice is the debate is having today is it is steering away from what the real issues are, the most depressing issue, i am more optimistic. it is steering the conversation away from that. it is not helping ordinary americans understand what the threat is over a somewhat longer term. i do not think we have 25 years anymore. maybe it is two or five. we get closer and closer every year that we build up our debt and every year that we po
these policies, the people who are really going to be hurt are the poor. 25% unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average in the united states. we see pensions being cut without any notice hardly at all. social programs slashed. there is at least some probability that will happen to us. i will say it is a certainty eventually if we do not do something about the situation. i would think they would be much more...
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Dec 21, 2012
12/12
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MSNBCW
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impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> if you were lucky enough to pick up an la times tonight. you found this. a conservative case for a ban. i was fascinated of course and i grabbed it to read it by larry al llen burns. i had no idea who he was until i read the first sentence which as was kwis quite a grabber. last month i sentenced jar odloughner for his shooting rampage in tucson. judges do not have his kind of communication with the public. so i knew i was holding something extra informatiordina hands when i read this. i knew i was going to hand it over to his judge to make this conservative case as he puts it for a ban. he says that tragedy left six people. t
impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> if you were lucky enough...
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Dec 22, 2012
12/12
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FOXNEWSW
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this kind of outcome is common in spain as the country's lottery concentrates on shared payouts instead of one big jackpot. and prince william and duchess of cambridge breaking with royal tradition this year, spending christmas with her family. royal insiders say the pregnant duchess will likely get more rest at home with her family than at the queen's annual christmas gathering. >> i'm not sure i would give up that christmas party. a texas lawmaker is working to bring back the reason for the season, and pre-filing the merry christmas bill and legislatures he hopes will allow teachers and school administrators to use the word "christmas" without fear of retribution. brennan todd has more from the affiliate. >> i hope they bring it back. >> reporter: she says her daughter could never understand why when she was in elementary school they had a holiday tree, but couldn't call it a christmas tree. >> i think they should have that right and they should say whatever they can. >> reporter: what lawmaker wants to take that fear of saying or displaying religious messages out of the school system
this kind of outcome is common in spain as the country's lottery concentrates on shared payouts instead of one big jackpot. and prince william and duchess of cambridge breaking with royal tradition this year, spending christmas with her family. royal insiders say the pregnant duchess will likely get more rest at home with her family than at the queen's annual christmas gathering. >> i'm not sure i would give up that christmas party. a texas lawmaker is working to bring back the reason for...
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portugal greece and spain have. full blown still colm syndrome finds the study host to just a crippling bit bonkers coast full of the loans and dependency and a terrifying twist the state's so-called risk of the same as the host each take has first great premier pop at the most then it's a nice moment to see. multinational because for stints of power don't call us and thing us develop the theory he joins us now why did you call it that. is seen drum because i can see that that governments are kidnapped by b.s. because late we could achieve this kind of people and. they are not defending that . we can see that greece and spain mainly because. instead of. being able to work on our. ways to go out of crisis they are getting here was the solution these of course he said gains the interest. of people well or in these very issues and example they decided not to use. odious states in international law loans moultrie paid because taken against the interests of the people equate those debts repayment was loaded in favor of l
portugal greece and spain have. full blown still colm syndrome finds the study host to just a crippling bit bonkers coast full of the loans and dependency and a terrifying twist the state's so-called risk of the same as the host each take has first great premier pop at the most then it's a nice moment to see. multinational because for stints of power don't call us and thing us develop the theory he joins us now why did you call it that. is seen drum because i can see that that governments are...
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we can see that team greece and spain mainly because. instead of. being able to work all our. ways to go out of crisis they're getting. the solution diesel corsi said gains the interest of. people. and these various and example they decided not to use. odious states in international law loans moultrie paid because taken against the interests of the people equate those debts repayments was loaded in favor of lenders like us chase bank president karimov declared it odious the billions saved doubled spending in hospitals and schools. as far as you could see into the future they were going to keep paying debts but would never reach a situation where the country actually benefits from the foreign capital. greece's most popular policy the research has already declared the national debt odious if it wins the next election it won't repay the banks we're joined by michael hudson who advises countries like the u.s. on economic policy profess that is greece is that odious. a minister. during goes up well wait a minute are you going to watch it really surrender our autonomy there has to b
we can see that team greece and spain mainly because. instead of. being able to work all our. ways to go out of crisis they're getting. the solution diesel corsi said gains the interest of. people. and these various and example they decided not to use. odious states in international law loans moultrie paid because taken against the interests of the people equate those debts repayments was loaded in favor of lenders like us chase bank president karimov declared it odious the billions saved...
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Dec 1, 2012
12/12
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CNBC
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youth unemployment in spain is 55%. there is not a good reason to own spanish bonds here. [ overlapping speakers ] >> last time we were on together you were saying the world was going to end because greece was going to default and leave the euro. it's all over. europe's fine. just give it a break. that was last year's story. [ overlapping speakers ] >> europe is not fine. spain is in significantly worse position. they've taken on more debt into deteriorating economy. you tell me how that translates to this has all been fixed and this is all solved. it's not solved at all. [ overlapping speakers ] >> spain has about the same debt to gdp ratio as germany. that good enough for you? >> [ overlapping speakers ] >> hang on, fellows. let's not get hung up on spain. what i want to come back to is the usa. because our market has not collapsed, it's really different than it looks like it was back in 2011. i just want to ask, is it better to own those low-rate bonds right now? or jim la camp, i want you both to weigh in quickly. i
youth unemployment in spain is 55%. there is not a good reason to own spanish bonds here. [ overlapping speakers ] >> last time we were on together you were saying the world was going to end because greece was going to default and leave the euro. it's all over. europe's fine. just give it a break. that was last year's story. [ overlapping speakers ] >> europe is not fine. spain is in significantly worse position. they've taken on more debt into deteriorating economy. you tell me how...
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Dec 19, 2012
12/12
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FBC
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impact wool exports from n zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, gbal economy. it's just one reason over 75% of our mutuafunds beat their 10-year lipper average. t. ro price. invest wi confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. lou: back with the a-team, gun control, mental illness, what we can do about it. >> you were just talking about how the mother was trying to get him committed, and then courts get involved because to try -- lou: waiting for a hearing. >> waiting for a hearing. to get an involuntary commitment on a 20-year-old man is difficult. it's taking a lot of time. it should not be that way. when the signs are so clear as they were in this case, then action needs to be taken right away, and i don't understand why that doesn't -- didn't happen, but i tell you the lawyers in the courts accept that. >> it didn't happen in this case with respect to medicati
impact wool exports from n zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, gbal economy. it's just one reason over 75% of our mutuafunds beat their 10-year lipper average. t. ro price. invest wi confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. lou: back with the a-team, gun control, mental...
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it's a live portugal greece and spain have. full blown still colm syndrome finds the study hosted to crippling that bankers coerced full of the loans and dependency and a terrifying twist the state's so called risk of the same as the host each take has first great premier papademos then it's a multi. multi national bank was forced into power don't call us and thing us develop the theory he joins us now why did you call it that. is seen because i can see there that governments are kidnapped by the s because late because i t they copied. and. they are not defended that. we can see that greece and spain mainly because. instead of. being able to work on our. ways to go out of crisis they are getting deep and you know what's the solution these of course he's against the interest of. people can't well or and he's very use and example they decided not to use. debt odious it's international law loans moultrie paid because taken against the interests of the people equate those debts repayment was loaded in favor of lenders like us chase
it's a live portugal greece and spain have. full blown still colm syndrome finds the study hosted to crippling that bankers coerced full of the loans and dependency and a terrifying twist the state's so called risk of the same as the host each take has first great premier papademos then it's a multi. multi national bank was forced into power don't call us and thing us develop the theory he joins us now why did you call it that. is seen because i can see there that governments are kidnapped by...
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spain is set for more public fury with hundreds of thousands ready to cry out against the doctors and nurses demanding plans to privatized hospitals. protests in bahrain are met with tear gas and stun grenades as activists claim the nation is going through the worst political crisis in its modern history. and egypt's opposition groups call for nationwide protests to challenge the outcome of the first round of voting results show backing for that is mr constitution. online on screen international news and comment live from moscow this is. hundreds of thousands of people are set to march in spain to protest against the government's cuts and reforms the demonstrations called by the country's top labor union and social groups will continue to tomorrow protests crowds of become common scenes on the streets of spain. of healthcare workers march across madrid to make their feelings clear and are planned to privatized hospitals the government insists it's needed to lift the country out of its deep recession. e.u. leaders agreed closer integration in brussels french president francois hollande
spain is set for more public fury with hundreds of thousands ready to cry out against the doctors and nurses demanding plans to privatized hospitals. protests in bahrain are met with tear gas and stun grenades as activists claim the nation is going through the worst political crisis in its modern history. and egypt's opposition groups call for nationwide protests to challenge the outcome of the first round of voting results show backing for that is mr constitution. online on screen...
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if you look at debt, much higher than many countries in the euro zone, including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much its whole recorded history. so you have a very, very diverse landscape at the moment, but certainly one that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit and the debt of the country, which are three topics that can be addressed now on the comprehensive and efficient fashion. >> in the fiscal cliff negotiation. so what should this mean? because i think i could interpret any given number to say, oh, that means we shouldn't touch taxes for the upper brackets because the economy still needs as much money as it can have in it. or i could argue, oh, this means that we need more stimulus to keep the jobs going, or i could look at the debt and say, oh, this means we need to cut spending. so what does it mean? so what would you, and what globally, what would mean the most for the u.s. to do in terms of the global economy? >> you kn
if you look at debt, much higher than many countries in the euro zone, including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much its whole recorded history. so you have a very, very diverse landscape at the moment, but certainly one that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit and the debt of the country, which are three topics that can be addressed...
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spain is set for more public fury with hundreds of thousands ready to cry out against. now demanding that the plans to privatized must be scrapped. egypt's opposition groups call for nationwide protests to challenge the outcome of the first round of voting early results showed backing for the islamist constitution. and protesters in bahrain say the situation has spiraled out of control with a nation going through the worst crisis in its modern history. just after six pm on monday moscow time this is r t life with me wrong welcome to the program. now hundreds of thousands of people are set to march in spain to protest against the government's cuts and reforms the demonstrations have been called by the country's top labor union and social groups on sunday thousands of health care workers marched across madrid to make their feelings clear about plans to privatized hospitals and the government insists it's all part of the austerity measures needed to pick the country up from its deep recession and the protests come as e.u. leaders agreed on closer integration in brussels th
spain is set for more public fury with hundreds of thousands ready to cry out against. now demanding that the plans to privatized must be scrapped. egypt's opposition groups call for nationwide protests to challenge the outcome of the first round of voting early results showed backing for the islamist constitution. and protesters in bahrain say the situation has spiraled out of control with a nation going through the worst crisis in its modern history. just after six pm on monday moscow time...
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hundreds of thousands of people are set to march in spain as crowds are starting to gather in madrid to protest against the government's cuts and reforms demonstrations called by the country's top labor union and social groups will continue into tomorrow protests crowds are becoming common scenes on the streets of spain on sunday thousands of healthcare workers marched across madrid to make their feelings clear about plans to privatized hospitals the government insists it's needed to lift the country out of its deep recession the bridges karmas e.u. leaders agreed closer integration in brussels the french president francois hollande said there's no doubt about the integrity of the euro zone and investment advisor patrick young believes the euro's continued existence is a facade spain has simply run on the cash. the problem is that the spanish government doesn't have any money and that's ultimately the problem the difficulty with the spanish government is that it hasn't actually want to bite the bullet or bridge the multiple areas in which it's been deficient for many many years and m
hundreds of thousands of people are set to march in spain as crowds are starting to gather in madrid to protest against the government's cuts and reforms demonstrations called by the country's top labor union and social groups will continue into tomorrow protests crowds are becoming common scenes on the streets of spain on sunday thousands of healthcare workers marched across madrid to make their feelings clear about plans to privatized hospitals the government insists it's needed to lift the...
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Dec 28, 2012
12/12
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CNBC
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. >> what's your view on spain? the country managed to avoid bailout so far, but will not meet its deficit target for the full year. do you think spain should be given more time? >> well, first of all, i think that, again, spain is going in the right direction. when you look at the current account, the deficit, you see that it had been diminished massively since the peak that they had in 2008, 2009. and, you know, as a very short summing up, it's been divided by more than five, though it's very, very encouraging. on the other hand, you have unit labor costs which have been diminishing quite a lot and the exports of spain are very dynamic today. so it also demonstrates that hard work is being done. it's difficult. it's tough, but going in the right direction. i trust that the global observers are observing progressively and the adjustment is proceed. in spain and in all the countries that are under adjustment. >> now, lonmin's ceo ian farmer is stepping down while being treated for a serious illness after being first
. >> what's your view on spain? the country managed to avoid bailout so far, but will not meet its deficit target for the full year. do you think spain should be given more time? >> well, first of all, i think that, again, spain is going in the right direction. when you look at the current account, the deficit, you see that it had been diminished massively since the peak that they had in 2008, 2009. and, you know, as a very short summing up, it's been divided by more than five,...
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Dec 13, 2012
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announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or
announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before...
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austerity this is this is what we're seeing happen in europe what we're seeing happen in greece and spain and in the u.k. where they didn't pass any stimulus packages like the one you were just talking about and their unemployment rates are significant about their g.d.p. or. higher their g.d.p. growth is significantly lower there in recession after recession republicans just not paying attention even some democrats not paying attention to what's going on across across the pond there i would suggest to you that republicans are paying attention to a lot of things and where they're bracing austerity which is clarity and to not work this and you austerity would be a good let's zero out the pell grants let's cut back subsidies on amtrak let's pare back some of the some of the so then do these federal workers pay let's cut. to not only rich rate is limited to realize your obligation not only there but even though the federal civilian employees pay has been quote frozen unquote the step increases are still in place that there are there are civilian employees who are making more than they did fou
austerity this is this is what we're seeing happen in europe what we're seeing happen in greece and spain and in the u.k. where they didn't pass any stimulus packages like the one you were just talking about and their unemployment rates are significant about their g.d.p. or. higher their g.d.p. growth is significantly lower there in recession after recession republicans just not paying attention even some democrats not paying attention to what's going on across across the pond there i would...
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Dec 5, 2012
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so spain trying to get ahead of game. big issuance and redemptions next year. >>> in india, we're expecting a big battered parliament for retail reforms. the latest from new delhi. what kind of battle is it going to be? >> it's going to be a tough battle for the government here as it tries to push forward. currently we've got a heated discussion in the lower house of parliament. this matter will have to be discussed, debated and voted on in both houses of parliament. as for india's foreign exchange management rules, this will need to be cleared by both houses of parliament before it becomes the law of the land. as of now, all our political sources seem to indicate that the government is safe when it comes to the numbers in the lower house of parliament, but it's looking uncertain and shaky when it comes to the register but for the upper house of parliament. most political parties who are in opposition have stridently opposed retail saying it will kill the small retailer in india, it's going to be aunt consum -- anti-consu
so spain trying to get ahead of game. big issuance and redemptions next year. >>> in india, we're expecting a big battered parliament for retail reforms. the latest from new delhi. what kind of battle is it going to be? >> it's going to be a tough battle for the government here as it tries to push forward. currently we've got a heated discussion in the lower house of parliament. this matter will have to be discussed, debated and voted on in both houses of parliament. as for...
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Dec 9, 2012
12/12
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beautiful picture of someone riding a horse through a village in spain in honor of the patron saint of animals. this figure here -- this one absolutely striking, stunning photo, gabby giffords hugging the house cloak room attendant when gabby was resigning officially from senate. this is a tibetan monk who was in exile setting himself on fire in protest. let's just show you one more here, here's a rescue worker carrying a child in china after some earthquakes that had occurred back to back right there. now these are just some of what you can see on cnn.com as we look back at 2012. another spread we have got for you right here, and these are some of the best sports photos of the year, and i won't give you the stories behind them, because i'm going to consider this a tease to push you to the web. a chance to vote on the most intriguing person of the year. we have got some interesting choices up here. some of the kind of obvious people, like chris christie, you can pick any face, you can drag it over, say which ones you think are most intriguing. you've also got gabby douglas, david petra
beautiful picture of someone riding a horse through a village in spain in honor of the patron saint of animals. this figure here -- this one absolutely striking, stunning photo, gabby giffords hugging the house cloak room attendant when gabby was resigning officially from senate. this is a tibetan monk who was in exile setting himself on fire in protest. let's just show you one more here, here's a rescue worker carrying a child in china after some earthquakes that had occurred back to back...
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Dec 3, 2012
12/12
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spain has been doing okay. for as long as i can continue, there isn't really any prospecs of spain asking for help. but i think the market knows that if spain does ask for help, there's always the back stop of the omt and that's why spain is doing what it's doing. so so far so good. >> starting to get ahead of a heavy 2013 program. will that throw out problems? >> i think they're pursuing the right strategy. the big difference on this front between italy and spain is that italy has a big fall in redemptions next year when it takes off pressure for sly flex year. spain has the opposite problems, a rise next year. so it's technically done for this year and the reason it's funding is to take some of the pain away from next year. and again these options get done and it isn't a big drama. they do have to get digested. but the primary dealers do take the bontds down and i'll expect no difference different on wednesday. >> so for the moment, no pressure relatively speaking. and yet we're now looking at the downgrades
spain has been doing okay. for as long as i can continue, there isn't really any prospecs of spain asking for help. but i think the market knows that if spain does ask for help, there's always the back stop of the omt and that's why spain is doing what it's doing. so so far so good. >> starting to get ahead of a heavy 2013 program. will that throw out problems? >> i think they're pursuing the right strategy. the big difference on this front between italy and spain is that italy has...
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now hundreds of thousands of people are set to march in spain to protest against the government's cuts and reforms and the demonstrations have been called by the country's top labor union and social groups on sunday thousands of healthcare workers marched across madrid to make their feelings clear about plans to privatized hospitals and the government insists it's all part of the austerity measures needed to pick the country up from its deep recession and the protests come as e.u. leaders agreed on closer integration in brussels and the french president francois hollande said there's no doubt about the integrity of the eurozone which will no longer be taken by surprise but investment advisor patrick young believes the euro's continued existence is a façade of spain simply put has run out of cash the problem is that the spanish government doesn't have any money and that's ultimately the problem the difficulty with the spanish government is that it hasn't actually wanted to bite the bullet all the multiple areas in which it's been deficient for many many years and minutely one could say
now hundreds of thousands of people are set to march in spain to protest against the government's cuts and reforms and the demonstrations have been called by the country's top labor union and social groups on sunday thousands of healthcare workers marched across madrid to make their feelings clear about plans to privatized hospitals and the government insists it's all part of the austerity measures needed to pick the country up from its deep recession and the protests come as e.u. leaders...
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Dec 20, 2012
12/12
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impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you hav
impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. he's going to apply testosterone to...
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Dec 10, 2012
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. >>> rescue in spain when a paraglider got stuck on a power line hundreds of feet above the ground as you can see. dangling there for hours as rescuers worked to set him free. they used a crane and a cable to get him down. >>> at a mall in denver amis toot santa essentially a visit to santa is more especially. parents say being able to communicate with santa make as big impact on the kids. >>> and the bay area's favorite way to ring in the new year is always on kron. hosted by catherine heenan and gary radnich. new year's live. that is jumping too far ahead. >> what is the forecast for new years? partly cloudy skies -- no, i have no idea. >> christmas? that is far ahead. how about tomorrow? >> okay. i will try to do tomorrow. temperatures into the 60s for tomorrow. sunny skies. and i can do save days. -- do 7 days. let's try that. cá thursday early showers and cooler through the week. could be snow in the highest elevations of the bay area. >> that is it for us. have a good night everybody.
. >>> rescue in spain when a paraglider got stuck on a power line hundreds of feet above the ground as you can see. dangling there for hours as rescuers worked to set him free. they used a crane and a cable to get him down. >>> at a mall in denver amis toot santa essentially a visit to santa is more especially. parents say being able to communicate with santa make as big impact on the kids. >>> and the bay area's favorite way to ring in the new year is always on kron....
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Dec 18, 2012
12/12
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we're seeing spain and italy yields falling 5.4% or just under that level in spain. gilt in particular, if you look at the 1.92% level, this on the back of the inflation report which showed cpi up 2.7% year on year. forex, the euro/dollar was stronger earlier. we're seeing just a little bit to the up side. not too far off the 1.32 mark which is extraordinary. the sterling moving to a multi month high. 1.62. it's just over that level this morning, up .1%. >>> now, spain will keep a quick look -- take a quick look at the results from italy in this debt auction. we've got basically an offering of short-term bills, three month and six-month bills. the yields on that are still coming through. looks as though spain has sold about 11.5 billion in the three months and just shy of 2 billion in the six-month paper. the bid to cover ratios for both, let's see, at least the six month moving higher on the three month and more importantly, the yield on the three month. 1.373 versus 1% the last time around. still waiting on the yield for this six month. while we wait for that to co
we're seeing spain and italy yields falling 5.4% or just under that level in spain. gilt in particular, if you look at the 1.92% level, this on the back of the inflation report which showed cpi up 2.7% year on year. forex, the euro/dollar was stronger earlier. we're seeing just a little bit to the up side. not too far off the 1.32 mark which is extraordinary. the sterling moving to a multi month high. 1.62. it's just over that level this morning, up .1%. >>> now, spain will keep a...
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Dec 5, 2012
12/12
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we look at spain and portugal, get your act together, shake out of it. what is the world thinking when they look at us, a manmade challenge, the fiscal cliff, and they have really been screwing around with this thing. what do they think of us? >> they look at us and they think that we are going to work it out. >> to put it differently, they can't believe that we will screw up? >> exactly. they are kind of thinking the debt ceiling debate. they are not following this hour to hour like we are and they remember the last time we were in a situation -- >> but last time we got downgraded from a good bond rating to a -- >> that's true. but people are being looking at us figuring those craziest americans will work it out at the last minute. >> what will they say if we get to january 3rd or after the new year and didn't? >> i think they will be rudely surprised and it's my hope towards later december we'll -- >> i agree with that. i think it's the president's job to show the slow learners that this is real business. if you know what is going to happen in january
we look at spain and portugal, get your act together, shake out of it. what is the world thinking when they look at us, a manmade challenge, the fiscal cliff, and they have really been screwing around with this thing. what do they think of us? >> they look at us and they think that we are going to work it out. >> to put it differently, they can't believe that we will screw up? >> exactly. they are kind of thinking the debt ceiling debate. they are not following this hour to...
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the people do think it's about spain's crippling unemployment figures especially amongst the young about the cost of the state has said this is and then you really get a sense of just how angry and how desperate the for the day we get the full of love that's doing to the country and so you just it's not in the middle of one of these big protest movements when the clashes break out. twenty's in just a bit thirty minutes time before then the deadly gang wars in the city of angels that's off the break. would be soo much brighter if you knew about songs from months to freshen some. stunts on t.v. dot com. golden . girl. good speech. we're. looking. at. live.
the people do think it's about spain's crippling unemployment figures especially amongst the young about the cost of the state has said this is and then you really get a sense of just how angry and how desperate the for the day we get the full of love that's doing to the country and so you just it's not in the middle of one of these big protest movements when the clashes break out. twenty's in just a bit thirty minutes time before then the deadly gang wars in the city of angels that's off the...
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Dec 20, 2012
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just how far should spain's police go in keeping protest under control? cashing in on the the end of the world. in some places, doomsday is proving quite the business boom
just how far should spain's police go in keeping protest under control? cashing in on the the end of the world. in some places, doomsday is proving quite the business boom
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is a lot of scotland old independence referendum in twenty fourteen spain no determined determined to bangkok loney of molding why is spending so steadfast is it because cars alone it is affluent as you make it out to be the lego world that that definitely one of the factors spanish maybe actually they are the ones afraid to be alone without the economical input of catalonia but the one that cuts plants we are also the thurmont to make it all work for everybody because we're not against the spanish we don't want to spain to fail we just out in favor of catalonia and not to fail with that's inside of and so we i'm sure was how alliances commercial alliances so nothing happened to sustain but that could be a fast i'm not a fast so we do have to bear in mind that the spain only finished its dictatorship in seventy five one hundred twenty five and the transition that the start at the thought of the start that the democrats the democracy in the spain because that dictate to died so they the deficit the democratic deficit that spain been has we understand he speaks so maybe english actually
is a lot of scotland old independence referendum in twenty fourteen spain no determined determined to bangkok loney of molding why is spending so steadfast is it because cars alone it is affluent as you make it out to be the lego world that that definitely one of the factors spanish maybe actually they are the ones afraid to be alone without the economical input of catalonia but the one that cuts plants we are also the thurmont to make it all work for everybody because we're not against the...
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spain has made a formal request for the e.u. fund this to help it spotted banks the deal will be discussed at the eurozone finance meeting underway in brussels details now than from artie's paper all of. spain has requested nearly forty billion euros worth of financial aid to help its crippled banking system this money will be distributing with thirty seven billion euros going toward spain's four nationalized banks and two point five billion going toward spain's so-called bad bank now the cash should be ready for distribution by around the twelfth of december finance ministers meeting in brussels they're expected to ok this cashiering as part of their monthly meeting but what it does mean for spain is that they join the likes of portugal and italy along with greece as countries who are entering this festive period hardly full of the joys of christmas regarding their finances the spanish people who showed in the recent past that they are very much upset with the current situation in their country and the fact that the government'
spain has made a formal request for the e.u. fund this to help it spotted banks the deal will be discussed at the eurozone finance meeting underway in brussels details now than from artie's paper all of. spain has requested nearly forty billion euros worth of financial aid to help its crippled banking system this money will be distributing with thirty seven billion euros going toward spain's four nationalized banks and two point five billion going toward spain's so-called bad bank now the cash...
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Dec 29, 2012
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it is the seventh largest corporation in all of spain. it is the largest corporation in the northern part of spain their runs from barcelona in the east to san salvador in the west. is an extraordinarily successful collection of 300 co-ops, some as small as a dozen people, some numbering employees in the thousands. the largest single enterprise is the largest supermarket chain in the northern half of starain. with tholhu00 employees, those supermarkets are run as cooperative enterprise. all decisions are made to get the. they are highly modernizee of highly technologically efficient and they have a n. wber of interestinge arules but before mention those, everyone of the courses is ref1 o lired to compete with capitalist enterprises and whatever they do and they do everything from rap that farming to the production to high-tech equipment of all kinds. they have their own bank, their own pension system, and talianagement. when you arrive there, big modern glass and steel bpetldings, you thihate you're walking into an american corporation he
it is the seventh largest corporation in all of spain. it is the largest corporation in the northern part of spain their runs from barcelona in the east to san salvador in the west. is an extraordinarily successful collection of 300 co-ops, some as small as a dozen people, some numbering employees in the thousands. the largest single enterprise is the largest supermarket chain in the northern half of starain. with tholhu00 employees, those supermarkets are run as cooperative enterprise. all...
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all people to think it's about spain's crippling unemployment figures especially amongst the young about the cost to the states the services and then you really get a sense of just how angry how desperate. they get the. in times of love dusting to the country and so yes that's not bad in the middle of one of those big protest movements when the classes break out. coming up next is all special report the takes a look at the gang violence plaguing los angeles that's off to a short break. wealthy british style. fast but i'm not surprised. that. markets why not. come to. find out what's really happening to the global economy with mike's conjure for a no holds barred look at the global financial headlines tune in to cons a report on our. something. lawyers beneath. thousands of meters of the ice and rock. the law. that is a lose for many. but dangerous even to those who keep it at a distance. deadly rivals for decades. if you had fifteen thousand people killing each other or in any other country there would be diplomats there would be a. self imposed out costs from society i will cut myself c
all people to think it's about spain's crippling unemployment figures especially amongst the young about the cost to the states the services and then you really get a sense of just how angry how desperate. they get the. in times of love dusting to the country and so yes that's not bad in the middle of one of those big protest movements when the classes break out. coming up next is all special report the takes a look at the gang violence plaguing los angeles that's off to a short break. wealthy...
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but it's not only greece or spain trying to stay afloat during times of punishing austerity the u.k. is also wrestling with deep cuts and a controversial budget which is being felt particularly hard in northeast england as their first discovered people in the region feel they're being left to suffer alone and factory closures and rising unemployment. as he'll saying impressing gays it's grim up north it's a perception of life in some of the nation's other major cities recessions hit the case hard it's been in the northeast where it's being felt particularly acutely trade union leader val scott furious with the government's decision to close sunderland's rempel a factory it's a government venture that began back in the 1940's to provide employment the people with disabilities two weeks before christmas the government going to close the packaging factories and leaves a very bleak future for disabled workers cannot stops was laid off from another rempel a factory back in april and accuses the government of forcing people out of paid jobs and on to a life of welfare we were told in the w
but it's not only greece or spain trying to stay afloat during times of punishing austerity the u.k. is also wrestling with deep cuts and a controversial budget which is being felt particularly hard in northeast england as their first discovered people in the region feel they're being left to suffer alone and factory closures and rising unemployment. as he'll saying impressing gays it's grim up north it's a perception of life in some of the nation's other major cities recessions hit the case...
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Dec 13, 2012
12/12
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spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a rally. finally, let's close taking a look at the forex. euro/dollar is weaker. and it's holding just above 1.30. and the dollar/yen, this is the one sixuan mentioned to watch. heading into japanese elections, stocks outperform adding oots .1% to 83.35 this morning. >>> south korea's central bank may be worried about factors in the economy, but the dok says the economy is stronger than it used to be. more on that next. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way t
spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a...
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Dec 1, 2012
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. >> put us on a very slippery slope towards the plight of greece and spain and others who basically don't have that check. this whole notion of unlimited credit card is just pure poppycock and it's something that only can be dreamed of as a fiscally responsible thing in washington, d.c. >> but, you know, you still have a process and procedure in terms of the budget where the president proposes a budget and congress is playing a much more significant role in that process. when the time at which the idea of, you know, approving the debt ceiling was when congress was playing less of a role in the budget process. congress is far more engaged in that process. so, i don't think this is about going the way of greece or spain as much as it is, you know, people like to hold on to as much power as long as they think they can. >> karen -- >> ken, take a listen to what tom cole said earlier this week on taxes. take a listen to this. >> in my view we all agree that we are not going to raise taxes on people who make less than $250,000. we should take them out of this discussion right now. >> did
. >> put us on a very slippery slope towards the plight of greece and spain and others who basically don't have that check. this whole notion of unlimited credit card is just pure poppycock and it's something that only can be dreamed of as a fiscally responsible thing in washington, d.c. >> but, you know, you still have a process and procedure in terms of the budget where the president proposes a budget and congress is playing a much more significant role in that process. when the...
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the medical workers in spain protest the health. care. demonstrations against financial cuts. it is a pleasure to have you with us here on. live in moscow welcome to the program. now the main opposition group in egypt has urged its supporters to again occupy the streets on squares in a bid to challenge the first round of the referendum on a brand new constitution at the national salvation front once a repeat of the weekend poll claiming it was plagued by overwhelming fraud. results indicate that fifty six percent approve of the draft constitution which was drawn up by the islamists with the backing of the president and the muslim brotherhood it's vigorously rejected by the opposition who blame the government for turning the constitution into an code and there's still time. to turn things around before the polls open for the referendum second stage on saturday a national salvation front spokesman that would hoping the opposition's complaints remain on. right now we want the authorities the election commission to look into the violations and to decide by itself whether this is g
the medical workers in spain protest the health. care. demonstrations against financial cuts. it is a pleasure to have you with us here on. live in moscow welcome to the program. now the main opposition group in egypt has urged its supporters to again occupy the streets on squares in a bid to challenge the first round of the referendum on a brand new constitution at the national salvation front once a repeat of the weekend poll claiming it was plagued by overwhelming fraud. results indicate...